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Feb 10, 2013
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>> the money supposedly is going to reduce the deficit. but the problem is, the sequestration is indiscriminate. if you let leon panetta do those cuss and figure out where they should come from and did it with a scalpel that would be fine. but i think the defense department can handle this. the president is not going to come up with cuts and programs that he wants if the republicans don't say what they want. whether they want it to be the virgin birth of spending cuts. >> ryan, you and i know that the 95 billion goes back in the private sector. what happens to it then? then it becomes much more lucrative than 85 billion because it's reinvested. where? in private enterprise, correct? >> it doesn't necessarily go back into the private sector. it van issues. >> how does that happen? >> they don't borrow. >> it's not being borrowed. >> but if it's still -- if it's no longer borrowed, and in the private sector where it is functioning under the rules of -- >> sitting in the banks. >> and the program matt sound capitalism. issue three. gop soul s
>> the money supposedly is going to reduce the deficit. but the problem is, the sequestration is indiscriminate. if you let leon panetta do those cuss and figure out where they should come from and did it with a scalpel that would be fine. but i think the defense department can handle this. the president is not going to come up with cuts and programs that he wants if the republicans don't say what they want. whether they want it to be the virgin birth of spending cuts. >> ryan, you...
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Feb 10, 2013
02/13
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. >> evan, according to the congressional budget office, the deficit is shrinking and will continue for a while, but it will increase later because of an aging population and expansion of federal subsidies. cbo is predicting that by 2023, ifs continue -- if current laws continue, it will be on an upward path and tell that to your children and grandchildren. >> paul krugman has convinced a lot of my liberal friends that it is okay to kick this down the road. >> he actually used those words. >> terrible idea. it courts all kinds of disasters. sounded -- the interest rate spikes. it takes a long time to fix these problems. sequestration is a crude, ugly tool, but if it had the effect of making people get serious about entitlement reform, it would not be so bad. >> colby, what do you think? >> going back to charles' column, he says that it is the first time since the election the president obama has been on the defense. i don't think that is true. i agree with mark on this, that republicans will bear the brunt of this initially because they are seen as the obstructionists. looking at it in
. >> evan, according to the congressional budget office, the deficit is shrinking and will continue for a while, but it will increase later because of an aging population and expansion of federal subsidies. cbo is predicting that by 2023, ifs continue -- if current laws continue, it will be on an upward path and tell that to your children and grandchildren. >> paul krugman has convinced a lot of my liberal friends that it is okay to kick this down the road. >> he actually used...
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Feb 12, 2013
02/13
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he pledged to cut the deficit in half. >> yesterday i held the fiscal somewhere applies to cut the deficit in half by the end of my first term office. my administration has also begun to go line by line through the federal budget in order to eliminate wasteful and ineffective programs. gerri: did that happen? no. instead, obama average deficit of nearly three times that of his predecessor. here is another promise from 2009. >> over the next two years this plan will save or create three and a half million jobs. more than 90 percent of these jobs will be in the private sector, jobs rebuilding our roads and bridges, constructing wind turbines in solar panels, laying broadband and expanding mass transit. gerri: not a chance. instead, according to the heritage foundation, the economy is over seven and a half million jobs in the hole and don't forget obamacare. >> this budget builds on these reforms and includes an historic commitment to comprehensive health care reform, a down payment on the principle that we must have quality affordable health care for every american. [applause] it is a commit
he pledged to cut the deficit in half. >> yesterday i held the fiscal somewhere applies to cut the deficit in half by the end of my first term office. my administration has also begun to go line by line through the federal budget in order to eliminate wasteful and ineffective programs. gerri: did that happen? no. instead, obama average deficit of nearly three times that of his predecessor. here is another promise from 2009. >> over the next two years this plan will save or create...
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Feb 11, 2013
02/13
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>> bret: so, ed, what are we hearing if the president will tack the deficit in the speech? >> interesting, because today jay carney said he does believe there is a spending problem in washington. he seems to disagree with nancy pelosi a little bit. carney went on to say he believes the problem is with spending on healthcare. so something the president tried to tack with the affordable care act and carney went on to say the president doesn't believe the government is too big now. when you compare it to historic levels, sign he is not going all in on the deficit tomorrow night. he is going all in on new investments. >> bret: okay. ed henry live on the north lawn. thank you. you can see the president's speech along with the republican response on fox news channel tuesday starting at 8:55:00 p.m. eastern. and to share your thoughts and opinions on tuesday's address, you can take part in something new. in the bing pulse at bing.com/politics. fox news is partnering with bing to get a pulse of what viewers think of the "state of the union" address. you can log on. go to page right
>> bret: so, ed, what are we hearing if the president will tack the deficit in the speech? >> interesting, because today jay carney said he does believe there is a spending problem in washington. he seems to disagree with nancy pelosi a little bit. carney went on to say he believes the problem is with spending on healthcare. so something the president tried to tack with the affordable care act and carney went on to say the president doesn't believe the government is too big now....
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Feb 12, 2013
02/13
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like on raising taxes, the size of government, the deficit. that's where republicans win and that's what we should be talking about. >> all right. if they stick to a very simple agenda do you stick with those who say maybe republicans stay off the social issues or if you talk about it. >> no. >> sean: got to run for office, have an answer for abortion. i mean, that's, that's fair. >> no, i mean, what was so upsetting to pro lifers like me about aiken and murdoch mulling about what should happen to a mawoman in the case of rape and all the hard work done by intelligent pro-lifers winning issue after issue and raising partial term abortion and parental-- and we want to save the 99% of babies not the result of rape, and we'd like the death penalty, but supreme court should no on that on criminal issues mentally ill and women concealed to carry and protect themselves. not granting amnesty for illegal aliens, that's where republicans win, not on look what obama did a couple of years ago. >> sean: ann coulter, good to see you. we need the three legs
like on raising taxes, the size of government, the deficit. that's where republicans win and that's what we should be talking about. >> all right. if they stick to a very simple agenda do you stick with those who say maybe republicans stay off the social issues or if you talk about it. >> no. >> sean: got to run for office, have an answer for abortion. i mean, that's, that's fair. >> no, i mean, what was so upsetting to pro lifers like me about aiken and murdoch mulling...
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annual deficit deficit continueo shrink until 2017 when interest in health care costs increase deficits. in the next 10 years the u.s. will add almost $7 trillion to the national debt and totaled $26 trillion by 2023. while the national debt compared to the size of the economy stabilizes over the next decade, climbs much higher in the future. the director says the primary culprit, health care spending. >> we still see substantial growth in federal health care spending over the coming 10 years and beyond. that is importantly because the number of people who will be eligible for medicare will be rising very sharply. >> as the economic forecast, expecting gdp to expand 1.4% this year, 3.4% next year, average 3.6% to four years after that and slowing beyond there. expecting unemployment to average 8% this year and 7.6% next year, marking six straight years above $0.7.5, first time that has happened in 70 years. the recent tax increases and spending cuts on the economy, the office says they will cost one and a quarter percentage point to gdp and one half to 2 million jobs this year though wi
annual deficit deficit continueo shrink until 2017 when interest in health care costs increase deficits. in the next 10 years the u.s. will add almost $7 trillion to the national debt and totaled $26 trillion by 2023. while the national debt compared to the size of the economy stabilizes over the next decade, climbs much higher in the future. the director says the primary culprit, health care spending. >> we still see substantial growth in federal health care spending over the coming 10...
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Feb 7, 2013
02/13
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during my courtesy calls with many of you i heard repeated references to a trust deficit that has at times existed between this committee and the cia. if i am confirmed, a trust deficit between the committee and the cia would be wholly unacceptable to me and i would make it my goal on day one of my tenure and every day thereafter to strengthen the trust between us. i have a representation for speaking my mind and at times doing so in a rather direct manner which some attribute to my new jersey roots. i like to think that my candor and bluntness will reassure you to get straight answers from me, maybe not always the ones you like but you will get answers and reflect any honest views. that's the commitment i make to you. i would like to finish by saying a few words about the importance of taking care of the women and men who serve in the cia. because of the secrecy that intelligence work requires, few americans will ever know the extraordinary sacrifices that these professionals and their families make every day. many of them risk their lives and at times have given their lives to keep
during my courtesy calls with many of you i heard repeated references to a trust deficit that has at times existed between this committee and the cia. if i am confirmed, a trust deficit between the committee and the cia would be wholly unacceptable to me and i would make it my goal on day one of my tenure and every day thereafter to strengthen the trust between us. i have a representation for speaking my mind and at times doing so in a rather direct manner which some attribute to my new jersey...
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Feb 9, 2013
02/13
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tell that to your kids and grandchildren. >> i am a boring deficit hawk, i say the same thing over and over again. paul krugman has convinced a lot of my liberal friends that it is okay to kick the can down the road. >> he actually used those words. >> terrible idea. it? all sorts of disasters. sudden interest -- it courts all sorts of disasters. it takes a long time to fix these problems. sequestration is a very crude, ugly tool, but if it actually has the effect of making people get serious about entitlement reform and tax reform, it would not be so bad. >> colby, what do you think? >> going back to charles' column, he said this the first time since the election the president obama has been put on defense. i don't think that is true. i agree with mark, the republicans will bear the brunt of this initially, because they will appear to be the obstructionists. looking at it in sheer political terms is the wrong way to look at this. this would have merkel implications if the economy tanks as a result of this -- global implications if the economy tanks as a result of this. >> you think th
tell that to your kids and grandchildren. >> i am a boring deficit hawk, i say the same thing over and over again. paul krugman has convinced a lot of my liberal friends that it is okay to kick the can down the road. >> he actually used those words. >> terrible idea. it? all sorts of disasters. sudden interest -- it courts all sorts of disasters. it takes a long time to fix these problems. sequestration is a very crude, ugly tool, but if it actually has the effect of making...
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that could happen sooner to depending on what happens to interest rates in the deficits. we are getting to that point. the difference in terms of real pain now in interest among we will be paying and is more than our entire defense budget which is a pretty big deal. gerri: here is another number that blew me away. 7 million people, 7 million people will lose their employer sponsored health care. you see how this happens because ultimately that penalty that you paid as an employer is less than what you would pay for full coverage. the smart and intelligent employer says and is going to let the federal government pick up the tab. this is not what we were promised. >> that's right. now what we were promised that all, and will we are told that even a modest plan under obamacare is likely to cost an american family $20,000 a year, that is a lot of people are going to do, not just employers, but individuals. this is a joy to result in more people going on to some form of government support and is going to result, perhaps, and a lot of people going without health insurance. it c
that could happen sooner to depending on what happens to interest rates in the deficits. we are getting to that point. the difference in terms of real pain now in interest among we will be paying and is more than our entire defense budget which is a pretty big deal. gerri: here is another number that blew me away. 7 million people, 7 million people will lose their employer sponsored health care. you see how this happens because ultimately that penalty that you paid as an employer is less than...
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Feb 10, 2013
02/13
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reduction that the least emphasized method of reducing the deficit, we talk about spending, we talk about revenue, growth, and he wants to emphasize that we need to make investments in infrastructure, in education, in manufacturing, in clean energy and we'll hear about that. >> and the cloud hanging over all of this is the fact that there is this discussion about, oh, what, two something weeks, the entire budget could be turned on its head with the sequestration. across the board cuts and two sides that seem as far apart as ever on this issue. that will have a real impact both on the politics of what is going on in washington, as well as the economy. >> i was struck by your interview with rand paul, the sequestration was a pittance. that's a lot of money and you have the defense secretary and john brennan, lots of people saying the sequestration is a threat to the nation's security at this point, and yet rand paul is calling this a pittance, a tea party response to marco rubio. there is this ideological pull. the threat of being primaried. interesting to see how far they are willing
reduction that the least emphasized method of reducing the deficit, we talk about spending, we talk about revenue, growth, and he wants to emphasize that we need to make investments in infrastructure, in education, in manufacturing, in clean energy and we'll hear about that. >> and the cloud hanging over all of this is the fact that there is this discussion about, oh, what, two something weeks, the entire budget could be turned on its head with the sequestration. across the board cuts and...
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Feb 10, 2013
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we have made good progress toward reducing the deficit and a balanced way. there is no way we can i keep chipping away at the problem and go with that middle class families and small businesses should suffer because washington cannot come together and eat them eight tax loopholes or --11 eight tax loopholes or government programs that do not work. at a time when economists and business leaders have said the economy is poised for progress, we should not allow a self- inflicted wounds to put the progress in jeopardy. my message is this. let's keep working together to solve the problem and give our workers and businesses the support they need to grow and to thrive. thank you and have a great weekend. >> hi. i am senator lisa murkowski. i want to discuss the tremendous opportunities that await us and the opportunities it. energy has been a source of anxiety since the 1970's. thanks to new technologies, an era of scarcity is giving way to one of abundance. we have a 90 year of supply of new gas to eliminate opec for decades and a broader range of options for alte
we have made good progress toward reducing the deficit and a balanced way. there is no way we can i keep chipping away at the problem and go with that middle class families and small businesses should suffer because washington cannot come together and eat them eight tax loopholes or --11 eight tax loopholes or government programs that do not work. at a time when economists and business leaders have said the economy is poised for progress, we should not allow a self- inflicted wounds to put the...
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Feb 9, 2013
02/13
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the unifying message of the republican party, the fiscal, our fiscal hours is out of order and the deficit is spiraling and we need to get that under control. you're also seeing republicans saying we can't just be about fiscal issues and in fact, the very beginning of that speech that majority leader cantor gave, let's put aside fiscal issues for a minute. let's talk about education. let's talk about health care. let's talk about immigration. they're trying to put sort of a kindler gentler face on the party because the exit polls show a lot of voters perceive mitt romney as sort of out of touch and removed from middle class concerns and not really someone who could relate to just the average american and the makeup of the party is a much wider republican party. >> right. >> every way by the polls. >> they can't survive that way. the demographic tide is moving. it was financey, the title of that speech that the majority leader said was make life work. it sounds like an oprah. gwen: i didn't get that. the speech didn't seem to be -- >> no, but i think -- but the sort of an oprah feel to it.
the unifying message of the republican party, the fiscal, our fiscal hours is out of order and the deficit is spiraling and we need to get that under control. you're also seeing republicans saying we can't just be about fiscal issues and in fact, the very beginning of that speech that majority leader cantor gave, let's put aside fiscal issues for a minute. let's talk about education. let's talk about health care. let's talk about immigration. they're trying to put sort of a kindler gentler face...
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Feb 8, 2013
02/13
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in many ways between the fed and the deficit spending on the deficit level, even though it's going to be smaller this year, it's hard to beat, that so i think the sequester, where we really demonstrate that the growth in many ways is paid for because when you stop it's going to take away jobs, those kind of black reality swans will be the issue for the market ahead. >> brian gendron, where are you on this and how do you want to be invested? >> we don't think this rally is over entirely. if you extrapolate a 5% or 6% return we've had so far this year, we'll have one of the greatest stock markets of all time in the face of, you know, good earnings but not great earnings, in the face of still slow growth. i think that's a little unrealistic so we'll probably get a little bit of a pullback, unusual if we didn't. still recommending a substantial allocation to equities. this year looks like last year, political uncertainty. last year was a good year for stocks. as for stocks versus bonds, i've been thinking it was the end of a 30-year bull market in bonds for the past three years. by the sa
in many ways between the fed and the deficit spending on the deficit level, even though it's going to be smaller this year, it's hard to beat, that so i think the sequester, where we really demonstrate that the growth in many ways is paid for because when you stop it's going to take away jobs, those kind of black reality swans will be the issue for the market ahead. >> brian gendron, where are you on this and how do you want to be invested? >> we don't think this rally is over...
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is increasingly frustrated by the i insistence that the solution to deficit spending is more taxation. >>> president doesn't believe we have a spending problem. he genuinely believes the government spending causes economic growth. if that were true, the economy today would be thriving. it isn't thriving. >> washington has to deal with its spending problem. i watched them kick the can down 22 years down the road. its time to act. >> had he tahoe roundly dismiss the suggestion to postpone tens of billions of dollars of automatic spending cuts in defense and other departments on march 1st. defense secretary renewed pretty dire warnings today. listen.... >> my greatest concern today is that we are putting our national security at risk by lurching from budget crisis to budget crisis to budget crisis. >> only a couple hours after the speech. senate republicans unveiled their al downsize the government's civilian work force and freeze pay for members of congress. >> this is way of doing it without cutting defenses, without cutting desk and without raising taxes. >> reporter: republicans plan
is increasingly frustrated by the i insistence that the solution to deficit spending is more taxation. >>> president doesn't believe we have a spending problem. he genuinely believes the government spending causes economic growth. if that were true, the economy today would be thriving. it isn't thriving. >> washington has to deal with its spending problem. i watched them kick the can down 22 years down the road. its time to act. >> had he tahoe roundly dismiss the...
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Feb 6, 2013
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year per taxpayer to cover our existing deficit. the total tab for the past four years of $1 trillion each year would be about $27,500 a year. back in the sixth district of indiana where i come from, that is a lot of money. i think we it owe it to the taxpayers know what we're doing here in washington. i yield -- i reserve the balance of my time. the chair: the gentleman reserves the balance of his time. for what purpose does the gentleman from maryland seek recognition? mr. van hollen: thank you, madam chairman. i ask unanimous consent to claim time in opposition even though i am not. the chair: the gentleman is recognized. mr. van hollen: thank you, madam chairman. i think it's very useful to let everybody in the country know exactly what the debt and deficit will be on a per capita basis. we in congress can of course do the math. i think it's no problem asking the president to run that calculation as well. again, i want to emphasize the fact there is agreement on reducing the deficit. the real differences here are over how we do
year per taxpayer to cover our existing deficit. the total tab for the past four years of $1 trillion each year would be about $27,500 a year. back in the sixth district of indiana where i come from, that is a lot of money. i think we it owe it to the taxpayers know what we're doing here in washington. i yield -- i reserve the balance of my time. the chair: the gentleman reserves the balance of his time. for what purpose does the gentleman from maryland seek recognition? mr. van hollen: thank...
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Feb 10, 2013
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they see big deficits. this is an opportunity to real against deficits and of course what you must do is cut social security benefits for some reason to deal with the current deficit and so that's a big part of it. and that influences the debate. the other thing is there are a lot of people in d.c. who posture, whose persona is that of being serious and you show that by being lling to impose suffering and cuts. the serious thing to do right now to spend is very, very. so they don't -- i think they just find it hard to even wrap their minds around the notion that the opposite of what they usually call for is what you need to do right now. >> and i think that's particularly true in the case after financial crises. in your earlier book you talk about the idea that there's a sense -- deep intuitive moral sense in which people feel you need to pay penance, right? >> right. >> if there's been crisis, there's been sin, and the only way to get oust sin is penance, and you have a great argument about that in your bo
they see big deficits. this is an opportunity to real against deficits and of course what you must do is cut social security benefits for some reason to deal with the current deficit and so that's a big part of it. and that influences the debate. the other thing is there are a lot of people in d.c. who posture, whose persona is that of being serious and you show that by being lling to impose suffering and cuts. the serious thing to do right now to spend is very, very. so they don't -- i think...
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Feb 12, 2013
02/13
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reduction. >> howard dean is more of a deficit hawk? this year's deficit 800 billion and next year's 600 billion. short-term phenomenon and there's a report of health care costs down now, and i don't know if it's a structural or cyclical spin. >> i've been on this point for a while so i'm glad it's getting broader attention. >> health care costs are declining. >> the rate of growth is much more slowly. it's been several years so it's harder to write it off as just kind of a fleeting moment, and if it continues, that has a far larger impact on the long-term deficit than anything the guys in washington are going to put aside. >> that's why the president's rhetoric on taxes might matter to wall street this time >> good to see you guys. thank you, both. >> thanks, peter. thank you, ron. >> tune into the state of the union right here on cnbc beginning at 9:00 p.m. eastern time. carl kwinquintanilla and john harwood hosting our coverage. >> the market is up above 14,000 with a gain of 52 point on the dow. >> we'll see if it stays there. the f
reduction. >> howard dean is more of a deficit hawk? this year's deficit 800 billion and next year's 600 billion. short-term phenomenon and there's a report of health care costs down now, and i don't know if it's a structural or cyclical spin. >> i've been on this point for a while so i'm glad it's getting broader attention. >> health care costs are declining. >> the rate of growth is much more slowly. it's been several years so it's harder to write it off as just kind...
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as the president talks up, how to reduce the deficit and avoid spending cuts. we're learning the budget deficit will top $845 billion this fiscal year even with massive tax hikes and assuming the spending cuts do kick in. congressman tom price pushing the president to balance the budget and says this new report is proof we can't do that by hiking taxes. what about that? we're still going to be deep into the red. >> good to be with you. the president has put forward for different budgets, none of which have ever come to balance. the house republicans have acted responsibly, our budget is yet to balance, so what we will do is put together a budget that balances in a ten-year time. all it does tomorrow it says to the president tell us when you'ryourbudget balances. it is important to do that because we have our principled solutions with the program. liz: used a dozen state when the budget would be balanced, is that it? >> we have had to end dollars deficit of the past four years in the past for budgets by this president have never come into balance ever in the 75
as the president talks up, how to reduce the deficit and avoid spending cuts. we're learning the budget deficit will top $845 billion this fiscal year even with massive tax hikes and assuming the spending cuts do kick in. congressman tom price pushing the president to balance the budget and says this new report is proof we can't do that by hiking taxes. what about that? we're still going to be deep into the red. >> good to be with you. the president has put forward for different budgets,...
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Feb 7, 2013
02/13
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us to invest in those things that we need to grow right now because that's also a deficit reduction agenda that's growing faster. and in order to have a balanced package that means that we've already done a lot of cuts. we've done some revenue now, and so the rest of the way moving forward we can do some additional reforms and make our health care programs work better and make them more efficient, and we can cut out programs that we don't need, but it also means that we've got to be able to close some tax loopholes and deductions that the average american cannot take advantage of, to raise the revenue, to actually do the job in a way that allows us to continue to grow. now, the reason this is relevant is because i gather and i haven't gotten this from first-hand sources, but from second hand sources in the press that our friends on the other side of the aisle, their position is we're concerned about the sequester. we recognize that just cutting the federal spending with the meat ax as opposed to scalpel is probably damaging and will damage our national security and will damage our e
us to invest in those things that we need to grow right now because that's also a deficit reduction agenda that's growing faster. and in order to have a balanced package that means that we've already done a lot of cuts. we've done some revenue now, and so the rest of the way moving forward we can do some additional reforms and make our health care programs work better and make them more efficient, and we can cut out programs that we don't need, but it also means that we've got to be able to...
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Feb 11, 2013
02/13
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FBC
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and in reuters february 24, 2012, obama to focus on jobs and the deficit, washington post, february 10, 200013, obama to pivot back to the economy. >> the president came in, he spent almost a trillion dollars on stimulus spending he would that would -- he thought that would create jobs, if you somehow took a colo dollar from someone and give it to someone else you would have two dollars in the economy, it does not work, president keeps talking about going back to jobs, he means back to additional stimulus spending. gerri: if we translated to obama speak it would be more federal spending, unemployment rate under president obama, higher than when we came into office, we had no traction, despite the jobs council, that done work, despite all stimulus spending, what is it going to take? it is a matter of confidence? is something else going on. >> all of the recession reaction that obama and his administration spent 4 years drafting, one they look at them said, it would be better if we didn't shows these to american people until after the elect, we have 4 years of those expensive job killing
and in reuters february 24, 2012, obama to focus on jobs and the deficit, washington post, february 10, 200013, obama to pivot back to the economy. >> the president came in, he spent almost a trillion dollars on stimulus spending he would that would -- he thought that would create jobs, if you somehow took a colo dollar from someone and give it to someone else you would have two dollars in the economy, it does not work, president keeps talking about going back to jobs, he means back to...
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reducing the deficit through immigration reform. how did it work? president obama held meetings today with top ceos and labor leaders. we have all the latest details. >>> plus the justice department body slammed standard & poor's alleging it defrauded investors over mortgage securities rating. is s&p cooked? john eagan, ceo of eagan jones rating company joins us exclusively to react. >>> the entire electronic industry could be turned upside down. foxconn workers in china will get the first free union vote. these guys produced 40% of the world's electronics. will this push up the price of your smartphone? you might want to embrace for impact. even when they say it's not it is always about money melissa: first let's take a look at today's market moments. stocks recovered after the worst day of the year. solid u.s. and european economic data helped put the bulls back on the track. the dow briefly climbed back above the 14,000 mark and pared session highs closing up 99 points. nasdaq and s&p 500 each gained more than 1%. >>> starting off tonight with pr
reducing the deficit through immigration reform. how did it work? president obama held meetings today with top ceos and labor leaders. we have all the latest details. >>> plus the justice department body slammed standard & poor's alleging it defrauded investors over mortgage securities rating. is s&p cooked? john eagan, ceo of eagan jones rating company joins us exclusively to react. >>> the entire electronic industry could be turned upside down. foxconn workers in...
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. >> today i'm pledging to cut the deficit we inherited by half by the end of my first term in office. >> will be closed no later than one year from now, guantanamo. >> transparencieiey and the rul of law. >> sean: the set of lies, a brand new set of you be kept promises and they're starting to buildup. remember when our fearless leader said this. >> no family making less than $250,000 a year will see any form of tax increase. >> nothing in this plan will require you or your employer to change the coverage or the doctor you have. >> we've been extraordinarily careful not to in any way undermine the employer-based system. >> that's why my proposal builds on the current system where most americans get their insurance from their employer. if you like your plan, you can keep your plan. >> sean: guess what, while he couldn't keep those promises either. middle class taxes have gone up and will continue to do so thanks to the administration. when it comes to obamacare, the cbo projects by 2022, 7 million americans will not be able to keep their employer insurance program thanks to obamacare.
. >> today i'm pledging to cut the deficit we inherited by half by the end of my first term in office. >> will be closed no later than one year from now, guantanamo. >> transparencieiey and the rul of law. >> sean: the set of lies, a brand new set of you be kept promises and they're starting to buildup. remember when our fearless leader said this. >> no family making less than $250,000 a year will see any form of tax increase. >> nothing in this plan will...
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Feb 7, 2013
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and it's estimated to reduce the deficit by $3.3 trillion. remember, we're trying to hit $4 trillion. so we're getting closer. the plan ends tax loopholes for yachts and for jets. it reduces the corporate meal and entertainment deduction to 25%. you can't write off the whole dinner anymore. it ends fossil fuel subsidies for oil companies that are raking in massive profits. exxonmobil, you know what their profit was? $44 billion in 2012. the last thing they need right now is your tax dollars as subsidy. the balancing act also closes other pointless loopholes the rich take advantage of. we should point out mitt romney ran on a similar tax plan. his former running mate paul ryan should love the balancing act because it reduces the deficit. everyone inside the beltway considers mr. ryan just a very serious person. but here is how paul ryan wants to reduce the deficit, with nothing but cuts. and here is the balanced approach from the progressive caucus. you know, when we need budget advice in the future, i think we should kind of push paul ryan of
and it's estimated to reduce the deficit by $3.3 trillion. remember, we're trying to hit $4 trillion. so we're getting closer. the plan ends tax loopholes for yachts and for jets. it reduces the corporate meal and entertainment deduction to 25%. you can't write off the whole dinner anymore. it ends fossil fuel subsidies for oil companies that are raking in massive profits. exxonmobil, you know what their profit was? $44 billion in 2012. the last thing they need right now is your tax dollars as...
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Feb 8, 2013
02/13
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. -- pass a budget deal which they regard as a deficit deal. there may yet be hurdles to overcome. am i he is one of the arctic -- >> he is one of the architects of the us drone program. what could be leadership asked the leadership of john brennan mean for us policy -- what could the leadership of john brennan mean for us policy? >> hello. welcome back. for much of europe, it remains very cold and unsettled. lots of frontal systems, active frontal systems. a lot of snow whooshing up across -- pushing up across poland. still some significant snowfall. we are likely to see further snow the next few days. most of the heaviest snow will be across the ukraine and extending up towards western parts of russia. you see some snow over the dolomites. there is some patchy snow further to the west. many of these frontal systems are looking relatively weak at the moment. towards iberia, temperatures in double figures in madrid. north africa, still this is affecting algeria, some heavy downpours expected. temperatures probably no higher than 9 degrees, way below average. that extends towards tu
. -- pass a budget deal which they regard as a deficit deal. there may yet be hurdles to overcome. am i he is one of the arctic -- >> he is one of the architects of the us drone program. what could be leadership asked the leadership of john brennan mean for us policy -- what could the leadership of john brennan mean for us policy? >> hello. welcome back. for much of europe, it remains very cold and unsettled. lots of frontal systems, active frontal systems. a lot of snow whooshing...
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Feb 10, 2013
02/13
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favor of reducing the deficit now. the short term, i am not in fave of reducing the deficit. but i do think there have to be some longer-term plans that give the financial markets some degree of confidence that we're not just going to blow apart. i think this is something on the longer term which is what bowles/simpson was all also, something which i favored totally. so i think that was a combination of including longer-term control over some of our big expenditures, particularly in health care. and that is something we have to do. i think the president could get some things if, in fact, he addressed some of these longer-term issue, but he walked away from that and there's no confidence that he really cares about it. >> let's talk about common economics. i would have thought you would have been in favor of immigration reform, gun control. you're saying these things should be weighed down. >> i'm incredibly in favor of all these initiative, including, of course, energy, which he should have done something about his firs
favor of reducing the deficit now. the short term, i am not in fave of reducing the deficit. but i do think there have to be some longer-term plans that give the financial markets some degree of confidence that we're not just going to blow apart. i think this is something on the longer term which is what bowles/simpson was all also, something which i favored totally. so i think that was a combination of including longer-term control over some of our big expenditures, particularly in health...
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Feb 7, 2013
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some say growth initiatives must await final action on deficit reductions. well, the best way to reduce deficits is through economic growth. [ applause ] get ready for a lot more of that new-plane smell. we're building the youngest, most modern fleet among the largest us airlines to ensure that you are more comfortable and connected than ever. we are becoming a new american. barrow island has got rare kangaroos. ♪ chevron has been developing energy here for decades. we need to protect their environment. we have a strict quarantine system to protect the integrity of the environment. forty years on, it's still a class-a nature reserve. it's our job to look after them. ...it's my job to look after it. ♪ >>> welcome back to "the kudlow report." in this half hour, mahmoud ahmadinejad says iran is now a nuclear country. does that mean the rogue regime already has nuclear weapons? we'll get an answer later on. on what would have been president reagan's 102nd birthday, we will honor reagan with a look at many of his messages that resonate today. we have more of
some say growth initiatives must await final action on deficit reductions. well, the best way to reduce deficits is through economic growth. [ applause ] get ready for a lot more of that new-plane smell. we're building the youngest, most modern fleet among the largest us airlines to ensure that you are more comfortable and connected than ever. we are becoming a new american. barrow island has got rare kangaroos. ♪ chevron has been developing energy here for decades. we need to protect their...
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Feb 8, 2013
02/13
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focus on immigration, guns, and tackling the federal deficit. president was looking to rally house democrats at their annual retreat saying he wanted a long-term budget deal but new revenues must be part of the package. >> i am prepared, eager and anxious to do a big deal, a big package, that ends this governance by crisis where every two weeks or every two months or every six months we are threatening this hardline recovery -- >> the president also discussed a looming automatic budget cuts arguing the public favors his plan for a balanced solution. >>> turning to the topic of guns. the president will continue his push to stop gun violence as the first lady pays tribute to the latest victim. michelle obama is headed to chicago this weekend to attend the funeral of 15-year-old what day yeah pendleton. the honors student was shot last week in a chicago park just days after performing at inauguration students in d.c. pendleton was among 40 people gunned down in chicago last month, making january its deadliest month in over a deck. >> the white hous
focus on immigration, guns, and tackling the federal deficit. president was looking to rally house democrats at their annual retreat saying he wanted a long-term budget deal but new revenues must be part of the package. >> i am prepared, eager and anxious to do a big deal, a big package, that ends this governance by crisis where every two weeks or every two months or every six months we are threatening this hardline recovery -- >> the president also discussed a looming automatic...
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Feb 5, 2013
02/13
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a balanced approach has achieved more than $2.5 trillion in deficit reduction. that's more than halfway towards the $4 trillion in deficit reduction that economists and elected officials from both parties believe is required to stabilize our debt. so we've made progress. i still believe that we can finish the job with a balanced mix of spending cuts and more tax reform. the proposals that i have put forward during the fiscal cliff negotiations in discussions with speaker boehner and others, are still very much on the table. i just want to repeat, the deals that i put forward, the balanced approach of spending cuts and entitlement reform and tax reform that i put forward are still on the table. i have offered sensible reforms to medicare and other entitlements, and my health care proposals achieved the same amount of savings by the beginning of the next decade as the reforms that have been proposed by the bipartisan bowls simple son fiscal commission. these reforms radio reduce our government's bill. what's up, cameraman? come on, guys. they're breaking my flow a
a balanced approach has achieved more than $2.5 trillion in deficit reduction. that's more than halfway towards the $4 trillion in deficit reduction that economists and elected officials from both parties believe is required to stabilize our debt. so we've made progress. i still believe that we can finish the job with a balanced mix of spending cuts and more tax reform. the proposals that i have put forward during the fiscal cliff negotiations in discussions with speaker boehner and others, are...
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. >>> plus, could legalizing marijuana help the deficit go to pot? new legislation would generate tens of billions of dollars in tax revenue. the congressman behind it all joins us to explain. do you ever have too much money? ♪ to grow, we have to boost our social media visibility. more "likes." more tweets. so, beginning today, my son brock and his whole team will be our new senior social media strategists. any questions? since we make radiator valves wouldn't it be better if we just let fedex help us to expand to new markets? hmm gotta admit that's better than a few "likes." i don't have the door code. who's that? he won a contest online to be ceo for the day. how am i supposed to run a business here without an office?! [ male announcer ] fast, reliable deliveries worldwide. fedex. ♪ they said go to school and be a college kid -- melissa: the student loan catastrophe we are seeing all around us, colleges and universities now suing graduates that aren't paying back their loans. the number of students defaulting on their perkins loans, though --
. >>> plus, could legalizing marijuana help the deficit go to pot? new legislation would generate tens of billions of dollars in tax revenue. the congressman behind it all joins us to explain. do you ever have too much money? ♪ to grow, we have to boost our social media visibility. more "likes." more tweets. so, beginning today, my son brock and his whole team will be our new senior social media strategists. any questions? since we make radiator valves wouldn't it be better...